Our Broken Economy, in One Simple Charthttps://nyti.ms/2uAHMZm
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The top is largely due to investment income. Should lookat wages only to clean up the data
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Why on earth would they do that? Is investment income not income? Their wealth continues to grow precisely because the bottom 20% continue to toil for minimum wage further enriching those who can afford stocks and investments.
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u prove my point - it's about wages. that spike in income at top is a result, not a cause. Focus should be on ability for top to have disposable income to invest. What folks do w/ money after earned wages is separate topic. Focus should be wages to give everyone ability to investpic.twitter.com/d4JxVGYxyx
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Fine.... increase wages for the bottom 50%. But to do that you’re going to have to enact policies that require a percentage of gains in corporate profit to be put toward wages and not used for “stock buybacks”. Good luck getting that passed.
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ha. agree with ya there. Until business execs care about living wages and disposable income to the middle/bottom to grow, nothing will change. Hard wall to climb, for sure.
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For those at the bottom, inflation has just wiped out any wage growth.https://twitter.com/ritholtz/status/1017719019636510720?s=19 …
ধন্যবাদ। আপনার সময়রেখাকে আরো ভালো করে তুলতে টুইটার এটিকে ব্যবহার করবে। পূর্বাবস্থায়পূর্বাবস্থায়
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This is at the heart of every single thing that is wrong with America. It is the real, "how we got Trump." It's the true, "economic anxiety." It's everything wrong with our country and our government. The system IS rigged; By the rich, who want just one thing: to get even richer.
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Nope. Immigration brought Trump.
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Trickle down economics, or as it was originally called in the brainstorming sessions, “Trickle down income growth by shoving unseemly amounts of debt down the throats of the lower class” but the name didn’t test well so they changed it.
ধন্যবাদ। আপনার সময়রেখাকে আরো ভালো করে তুলতে টুইটার এটিকে ব্যবহার করবে। পূর্বাবস্থায়পূর্বাবস্থায়
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AKA everyone got richer
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No, everyone did not get richer. First of all I presume this doesn’t take into consideration inflation. Second, the perception of wealth or poverty, in other words the perception of inequality, matters as much or more to a sense of well-being.
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Perception isn't helped by Big News pushing doom and gloom. Wealth inequality is only going to get worse with automation and AI, meanwhile absolute poverty will be shrinking. So I don't know if wealth inequality is the best indicator of a healthy society.pic.twitter.com/5On9CpAqxt
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Why are you showing a graph about world poverty? I was referring to the United States which has galloping inequality. That is a problem that should be addressed and is probably related to unequal education opportunities.
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Just remember, Debt-fueled, CentralBank (out of thin air) quasi-keynesianism, is "not" [Adam Smith] Capitalism.
ধন্যবাদ। আপনার সময়রেখাকে আরো ভালো করে তুলতে টুইটার এটিকে ব্যবহার করবে। পূর্বাবস্থায়পূর্বাবস্থায়
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That is exactly by design
ধন্যবাদ। আপনার সময়রেখাকে আরো ভালো করে তুলতে টুইটার এটিকে ব্যবহার করবে। পূর্বাবস্থায়পূর্বাবস্থায়
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So, obviously, we need to help the rich and take away from the poor.
#GOPethicsধন্যবাদ। আপনার সময়রেখাকে আরো ভালো করে তুলতে টুইটার এটিকে ব্যবহার করবে। পূর্বাবস্থায়পূর্বাবস্থায়
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Doesn't this chart ignore mobility up and down the strata? Some individuals in the lowest quintile in 1980 climbed to the top decile in 2014. It makes the case that dispersion and skewness of the aggregate has increased. Is that bad? How much is OK?
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Also, it does not tell us what are the major factors: big government? globalization? automation? emergence of capital markets? But you will never get nuance from the Left.
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